As the new year begins to take shape, commercial real estate will continue to change, presenting fresh challenges and opportunities as real estate professionals work to adapt and create value for their clients. These eight trends are what's shaping the CRE landscape for 2024.
Whether you're moving into unfinished space or renovating your existing workspace, there are several key factors to consider when building out your new office space. We'll explore a handful of tips to help you design and set up a functional, comfortable, and visually appealing office environment that promotes success.
By embracing building automation, property managers, building owners, and tenants can realize reduced operational costs and enhance productivity, leading to a more sustainable future. Let’s dive into some of the key benefits.
A well-managed vendor network reduces costs, optimizes service quality, and minimizes risk for both your business and your clients. To better manage performance and exceed expectations for your properties and clients, follow these five best practices when working with vendors.
When it comes to leasing commercial space, tenants often find themselves needing to make changes to the space to suit their specific needs, known as tenant improvements. In this blog, we will explore the basics of the tenant improvement process including the key steps and common challenges.
Advances in technology, changing demographics, environmental issues, and the need for greater cost-efficiency are constants in our work to manage commercial real estate. In this blog, we'll look at emerging property management trends that are likely to shape commercial real estate and the property management industry in 2024.
Understanding the different types of real estate investments and your risk tolerance is crucial for making informed decisions. In this comprehensive guide, we'll explore the benefits and considerations of investing in REITs, residential real estate, and commercial real estate, all to help you determine which option aligns best with your investment goals.
Management teams play a crucial role in ensuring the safety of tenants and resilience of commercial properties, especially when it comes to preparing for severe weather events. We asked our pro’s to put together their thoughts on the essential steps property managers should take to prepare a commercial property for severe weather.
The introduction and lasting impacts of hybrid work schedules are a force in commercial real estate. We asked our property managers about their most common hybrid schedule considerations to offer insight on how to best shift and adapt to best meet the needs of tenants.
2023 has been a particularly challenging year for investing in the commercial real estate (CRE) business. To better understand the CRE investment landscape and what’s on the horizon, we analyzed current trends to provide insights on the 2024 market outlook for investors.
Ciminelli’s investment team members approach communication with institutional investors strategically and professionally. Here are a few tips from our professionals that have helped develop important and successful relationships.
The value-add investment strategy is a real estate investment approach that involves acquiring properties with the intention of making improvements that will increase the property's value over time. Let's dive into the basics.
Conversion projects, specifically converting commercial office properties to residential spaces, have gained traction since the approach maximizes the use of existing infrastructure and also offers a solution to the pressing need for more affordable and attainable housing throughout the US. We took the time to explore the benefits, challenges, and considerations of conversion projects.
Artificial Intelligence (AI) has emerged as a game-changer in a growing number of industries, and commercial real estate is no exception. From development and acquisitions to property management and marketing, AI-powered tools are unlocking new opportunities for growth and success. Let’s explore the impact of AI in commercial real estate and how it is reshaping the industry.
From sustainability to the creation and increase in property technology, commercial development is undergoing significant changes and developing new trends to fulfill the needs of the end users. Let’s dive into these trends to learn what trends we’ll be seeing over the next few years, and how developers are responding and adapting to the needs of their communities.
There has been an increasing emphasis on environmental, social, and governance (ESG) initiatives shaping the next generation of development projects. Learn how developers balance the needs of surrounding communities, the environment, building tenants, and ownership to achieve success in their sustainability practices.
Real estate development is a multi-faceted discipline that requires careful planning, strategic thinking, and a deep understanding of the market. Successful real estate development projects can enhance communities and be profitable, but they require a thoughtful combination of key ingredients.
Savvy apartment complex/building owners and agents have embraced digital and technology advances and are engaging prospective renters in a technology and imagery driven experience that checks all of the boxes for today’s apartment hunter. Check out a few of the most common comments renters make when engaging with our virtual apartment tours.
Capital projects create some of the greatest liability for Homeowners' Associations (HOA). For this reason, volunteer HOA often contract the services of a professional management firm, as professional insight into equipment and materials lifecycles, budgeting, planning, and funding can be invaluable. Let's review a few of the critical elements of capital projects.